SAM956 Boeing C-32A into Paris Le Bourget
KAF342 C-17A out of London Stansted
started in houston then DC 1/12
China Air CAL0745 Airbus 350 Amsterdam to Taipei E-mil class. 9 moar hours to go :/
French AF FM1276 Airbus across atlantic into Caribbean
French AF Airbus F-RADC into Israeli Airspace with a German AF Airbus GAF155 behind. IAF training in the south
BlackRock beats profit estimates as assets swell to record $7.43 trillion
BlackRock Inc (BLK.N), the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets under management to a record $7.43 trillion. A rally in global equity markets and strong inflows across business segments helped the company lure $128.84 billion in new money during the fourth quarter through Dec. 31. “I think it’s quite evident from our flows in the fourth quarter that we are winning more of our clients’ share of wallet,” Chief Executive Larry Fink said in an interview with Reuters.
BlackRock’s iShares-branded ETFs took in $75.20 billion of new money, up from $41.50 billion in the prior quarter, taking the net inflow for the year to $183 billion.
Those flows helped lift total assets to $7.43 trillion. “A lot of times, if a company is big, the law of big numbers makes it hard to grow, we are not seeing that with BlackRock,” said Kyle Sanders, an analyst with St. Louis-based financial services firm Edward Jones.
“The size is actually allowing them to continue to be more aggressive and push into new products and take market share,” said Sanders, who maintained a ‘buy’ rating on the company.
With its growing heft, BlackRock has drawn increased scrutiny of its fossil fuel investments. On Tuesday, Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world’s top asset manager.
In his annual letter to CEOs posted on the company’s website on Tuesday, Fink forecast a “fundamental reshaping of finance” and said companies must act or face anger from investors over how unsustainable business practices might curb their future wealth. The New York-based company's fourth-quarter net income here surged to $1.30 billion, or $8.29 per share, in the three months ended Dec. 31, from $927 million, or $5.78 per share, a year earlier.
Excluding items, BlackRock earned $8.34 per share, while analysts had expected $7.69, according to IBES data from Refinitiv. “We had high expectations this quarter, just given the good market backdrop, and they still exceeded what the Street was looking for,” said Sanders.
A thawing in U.S.-China trade tensions during the fourth quarter supported global equity markets, especially U.S. stocks. The benchmark S&P 500 index climbed 8.5% during the period, taking the year’s surge to 29%.
For the fourth quarter, BlackRock’s cash management business drew net inflows of $29.80 billion, taking total assets for the business to $545.95 billion.
BlackRock shares were down 0.25% in premarket trading.
https://www.reuters.com/article/us-blackrock-results/blackrock-beats-profit-estimates-as-assets-swell-to-record-7-43-trillion-idUSKBN1ZE1E4
cap #2 sauce 5 yr of sales.
https://www.secform4.com/insider-trading/1059245.htm
7bd52b (13)
stale, shitty nothing memes. you've learned nothing in here. Keep trying though
trips confirm no one cares